NewScientist.com has a story about a supercomputer, currently under construction, that will be able to reconfigure itself for specialized tasks.
FPGAs can be reconfigured using software to mimic computer processing equipment that is physically designed to take on specialised tasks. In contrast, conventional microprocessors are designed to act as fixed, general purpose processing devices.
Slashdot has a great thread, including the first post which talks about previous efforts to build such a machine – and the Wikipedia has a rather detailed analysis of FPGAs.
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